Evergrande Is Officially In Default – The First Bubble Has Burst

Evergrande’s default is now finally confirmed by paying agent Citibank! Here is the proof!

Evergrande bondholder: “I will never see my money again”

Color your money gone, offshore “investors” in China’s fraud-riddled property bubble. Should’ve stacked the shiny instead.

www.asiamarkets.com/evergrande-bondholder-i-will-never-see-my-money-again/

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As China Evergrande reportedly begins negotiating creative ways to repay billions owed to offshore bondholders, a paying agent of one of the embattled property giant’s USD-denominated bonds has sent a letter to investors officially confirming default.

Dr Marco Meltzer, a respected German financial analysts and outspoken critic of the handling of Evergrande’s debt crisis, says he received a letter from Citi earlier this week all but confirming the company is broke.

AC

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